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Monday, July 27, 2020 - 9:17:41 PM
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Mining News Pro - Gold explorer Oklo Resources will look to raise A$10-million in a share placement to sophisticated and institutional investors, to accelerate drilling at its project tenements in Mali.
The company said it has received firm commitments for the placement of 31.25-million shares, priced at 32c a share, with the shares to be placed in a single tranche under the company’s existing placement capacity.
“This exceedingly well-supported placement will allow Oklo to hit the ground running in the forthcoming 2020/21 field season while maintaining momentum on our maiden mineral resource estimate,” said MD Simon Taylor.
“We plan to accelerate the drill-out of the exciting 3-km-long SK1 trend, including exploring for additional high-grade feeder zones at depth, and resume the evaluation of other priority targets along the 12 km Dandoko gold corridor. Backed by a strong cash position of A$22.5-million, the company looks forward to delivering a steady flow of positive news in the months ahead.”
Short Link:
https://www.miningnews.ir/En/News/574100
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